4. Any person wishing to be licensed to cash checks for a fee shall:
a. Submit to the commissioner a completed written application on forms prescribed by the commissioner which shall contain notice that false statements made therein are punishable and supported by evidence as required by the commissioner;
b. Submit an application fee as prescribed by the commissioner by regulation in an amount not to exceed $2,000;
c. Submit proof of net worth and liquid assets as required pursuant to section 8 of this act; and
d. Execute a statement on the application in which the applicant consents to allow the department to examine the records of the bank account or accounts used for its check cashing business.